Business News
Business and economic news from Nigeria and around the world.
In response to Taxify, Uber slashes Lagos fare by 40%
Ride sharing app, Uber has announced a 40% reduction in its taxi fare in Lagos. The reduction is effective, Thursday...
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Govt. Approves $250m multilateral loans and will be used as follows.
Nairametrics| The Federal Executive Council (FEC) yesterday approved a $150 million soft loan from African Development Bank (AfDB) and $100...
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Govt. approves N1.5 billion to initiate National Carrier project
The APC led government has stepped up efforts to launch its national airline. Nigeria's Minister for State for Aviation Hadi...
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Medview Spends N2.6 billion on aviation fuel in 3 months
Medview Airlines has reported that its operating expenses rose by a whopping 57.9% in the first quarter of 2017. The...
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NNPC’s 2019 Deadline For Petroleum Products Importation Is Unrealistic
Nairametrics| Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru has said that the 2019...
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Latest Suit Against FG Exposes Major Concerns In Nigeria’s Sharing Formula With IOC’s
Scarcity in the midst of plenty
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Ecobank Is Cutting Costs To Return To Profitability
Nairametrics|As part of efforts to streamline costs, Pan African bank, Ecobank, has decided to merge 74 of its branches. Perhaps...
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Reasons Dangote Sugar Is Keen On Backward Integration
Nairametrics| At the Annual General Meeting (AGM) for Dangote Sugar Refinery, chairman of the company, Aliko Dangote, stated his intentions...
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